...Running head: STRATEGIC PROGRAM MANAGEMENT PLAN Strategic Program Management Plan University of Phoenix Strategic Program Management Paper This document will discuss a hospitality service chain, Friar Tucker International (FTI) that provides management to a chain of 35 entertainment and cuisine establishments. The 35 entertainment and cuisine establishments consist of 10 sports entertainment establishments, 15 cuisine establishments, 8 family entertainment establishments, and has entered into an agreement with two hotel chains. Friar Tucker International employs an estimate of 1200 staff members and generates revenue in the amount of $300 million. Friar Tucker International has a vision of joining the top ten hospitality providers of service and to serve families through the business of entertainment; basing the service on superior levels of marketing and innovation. The Friar Tucker International mission is to “attract more visitors and customers through food and entertainment facilities and ensure a great family experience” (Friar Tucker International scenario, 2010). Friar Tucker International, Chief Executive Officer, Ricardo Bellini negotiated and accepted many contracts with hotel chains. The contracts resulted in the management of the establishments and the to implement and carry out projects and manage the implementation of numerous projects. Over the previous years, this company has increased its success rate and has felt the results of growth. Many...
Words: 2541 - Pages: 11
...countries, such as New Zealand, Australia, the United Kingdom and United States. It is not easy for Pumpkin Patch to operate well in such areas, but the company still decides to look for new territories. So it should fully understand its position and create fitting strategic plans. Analysing the external environment The general environment Demographic----high Speaking of the clothing products, population immediate influences customers’ real and potential demands to the brand. In fact, demands always far exceed supply and products are sold out very early in such countries, especially in New Zealand. It can be noticed that the population between newborn and 14-year old are the major customers of its market. Economic----high In terms of each area’s economic, the consumption level should be mentioned. Taking the United States as an example, the whole cloth market earned US$172.8 billion in 2004 which occupied 22 percent of the total sale of global apparel. Because of the growth of each family’s income, the data would also increase year by year which presents a good vista to the cloth profession. Technology----high In order to adapt the market change, the enterprise should sum up the existing management frequently and seek for the new ways to satisfy customers’ new demands. Conclusion Pumpkin Patch was early enough to cater to the world trend. The target...
Words: 2731 - Pages: 11
...several countries, such as New Zealand, Australia, the United Kingdom and United States. It is not easy for Pumpkin Patch to operate well in such areas, but the company still decides to look for new territories. So it should fully understand its position and create fitting strategic plans. Analysing the external environment The general environment Demographic----high Speaking of the clothing products, population immediate influences customers’ real and potential demands to the brand. In fact, demands always far exceed supply and products are sold out very early in such countries, especially in New Zealand. It can be noticed that the population between newborn and 14-year old are the major customers of its market. Economic----high In terms of each area’s economic, the consumption level should be mentioned. Taking the United States as an example, the whole cloth market earned US$172.8 billion in 2004 which occupied 22 percent of the total sale of global apparel. Because of the growth of each family’s income, the data would also increase year by year which presents a good vista to the cloth profession. Technology----high In order to adapt the market change, the enterprise should sum up the existing management frequently and seek for the new ways to satisfy customers’ new demands. Conclusion Pumpkin Patch was early enough to cater to the world trend. The target market...
Words: 2731 - Pages: 11
...Strategic Plan Risk Management FEMA Strategic Plan Risk Management FEMA’s Strategic Plan FY2011 - FY2014 states their mission is, “to support our citizens and first responders to ensure that as a nation we work together to prepare for, protect against, respond to, recover from, and mitigate all hazards.” (FEMA Strategic Plan, February 2011 p.1) FEMA’s strategic goals are the following: (FEMA Strategic Plan, February 2011 p. 7) 1) Foster a Whole Community Approach to Emergency Management Nationally 2) Build the Nation’s Capacity To Stabilize and Recover From a Catastrophic Event 3) Build Unity of Effort and Common Strategic Understanding among the Emergency Management Team 4) Enhance FEMA’s Ability to Learn and Innovate as an Organization The risks of FEMA’s strategic plan include, but are not limited to,” climate change; the age of critical infrastructure; evolving terrorist threats; global interdependencies; government budgets; technical innovation and dependency; universal access to and use of information; and U.S. demographic shifts.” (FEMA Strategic Plan, February 2011 p. 4) These risks are inherent and are not within FEMA’s control. FEMA must focus on risks that are under their control. Eliminating ‘controllable’ risks can minimize the effects of these inherent risks, and ensure successful execution of their strategic plan. A controllable risk affecting the success of FEMA’s strategic plan is the support and commitment of the entire FEMA organization. ...
Words: 848 - Pages: 4
...Abstract The purpose of this paper is to identify a strategic management plan of a healthcare organization. My selection is a false managed care organization called GreenLine that is based on a well-known health insurance company that provides a variety of health care plans . In this paper the following will be discussed: factors affecting managed healthcare organizations, strategic initiatives, financial information, and organizational structure. Socioeconomic Factors Socioeconomic status (SES) is an economic and sociological combined total measure of a person's work experience and of an individual's or family’s economic and social position in relation to others, based on income, education, and occupation. Socioeconomic status is typically broken into three categories: low, middle, and high SES. Income has been shown to have a heavy effect on whether families will purchase health care insurance and it’s been proven that people with lower incomes tend to have more problems physically and mentally. Most diagnosis seen are respiratory viruses, arthritis, coronary disease, and schizophrenia. Lower socioeconomic status is also been said to link to stress. Legislative Factors Most recently there has been the ongoing implementation of Patient Protection and Affordable Care Act in the United States which affects all managed healthcare companies and businesses with more than 50 employees. Patient Protection and Affordable Care Act consists of a combination of measures to control...
Words: 1987 - Pages: 8
...September 24, 2007 Week 3 Mission: To excel academically while progressing through the BSOM curriculum at Tusculum College and graduate in December 2008. We will develop and cultivate the qualities and skills needed to succeed in the program and promote the value of learning within ourselves as well as our fellow classmates. Goal 1: Pass each course in the BSOM program with no less than a grade of C. Objectives: • Complete assignments and projects thoroughly, following all directions given by the instructor. • Attend each class session, arrive on time, and stay for the duration of the class. • Turn in all projects or assignments by the deadline set by instructors. • Acquire syllabus and class schedule at least 10 days prior to first day of class to ensure that all assignments are completed by their due date. Goal 2: Meet as a Learning Team at least one time per week to discuss upcoming projects. Objectives: • Meetings to be scheduled after Monday night classes and must occur before Saturday of the given week. • Meet at a designated location and specific time agreed upon by all teammates. • Collaborate together to make sure everyone has the appropriate materials and text needed for a productive and effective meeting. Goal 3: Provide support for each team member via email, phone, meetings, and/or tutoring efforts. Objectives: • Respond to a team member’s email or phone message within 24 hours of receiving it...
Words: 547 - Pages: 3
...EXECUTIVE SUMMARY GAC Philippines, Inc. is one only of the many branches of Gulf Agency Company (GAC) Group. The company provides a comprehensive portfolio of shipping and logistics services. The company also provide services like professional warehousing, distribution and 3rd Party Logistics (3PL) services throughout the Philippines. GAC Philippines Inc. is a newly industrialized country and is a founding member of the Association of Southeast Asian Nations (ASEAN). The company is part of the GAC group, a leading global provider of shipping, logistics, and marine services. These services are constantly being refined and integrated to service their customers' increasing need for competitive solutions: Emphasizing trust, reliability and a strong human touch. GAC Philippines Inc. serves a broad range of diverse services. It belongs to two major industries, namely: Air Delivery & Freight Services, and Shipping. Firstly, Air Delivery & Freight Services is subdivided into four, which are: Ocean Freight, Air Freight, Sea-Air Freight, and Clearing & Forwarding. For several years in the logistics industry, GAC Philippines, Inc. has established its own name as the country’s leading fully integrated transport service provider. GAC Philippines, Inc. is striving to be the premier shipping company in the Philippines. This is possible through creating long-term relationships towards customers and suppliers, and delivering integrated services with the highest levels of quality and...
Words: 2103 - Pages: 9
...Evan Wabrick Strategic Plan Dr. Watts 4/18/2012 Strategic Plan for Costco Wholesale Corporation Executive Summary The retail industry is an extremely competitive environment that poses many challenges for Costco Wholesale Corporation and its competitors. Since many of the stores offer the same products, it may sometimes be very hard for customers to differentiate between retail stores. Even though the economy is recovering from a recession, the retail business is still a mature industry and is improving very steadily. Costco and its competitors are affected by the same political, economic, social, and technological factors, such as taxes, presidential elections, SEC regulations, the economic state of the country, exchange rates, various social characteristics, such as customer age, income and family size, and the growth of e-commerce. All of these external factors have a great influence on how Costco conducts their operations. Costco is a premier leader in the retail industry thanks to their strategic pricing strategy, low cost operating system, and financial stability. Costco is still vulnerable to numerous threats, such as competition, exchange rates fluctuations, increasing labor and healthcare costs, and high exposure to low growth markets. If Costco is to maintain the market share in the retail industry, they should consider the options of offering more customer service in their warehouses, increase online retail sales, and acquire other retail stores for...
Words: 6610 - Pages: 27
...Running Head: BAYER Problem confronted by Bayer Introduction Bayer AG is a well-known German chemical and pharmaceutical company founded in the year 1863. It is situated in Barmen, Germany. In present the company is headquartered in Leverkusen, North Rhine-Westphalia; Germany. It is renowned for its master brand of aspirin. Bayer AG is the third largest pharmaceutical company all over the world. The US subsidiary of pharmaceuticals and materials enormous Bayer AG or Bayer Group operates through its three divisions and an internal services company. Bayer Corporation manages Bayer Group's US procedures in following three segments: * Bayer Health Care that deal with pharmaceuticals, animal health and over-the-counter medicines. * Bayer Material Science that deal with plastics, coatings and polyurethanes. * Bayer Crop Science that manages herbicides, fungicides and insecticides (Bayer Corporation Company Profile, 2009). The internal services unit, Bayer Corporate and Business Services of the Bayer AG, manages administrative, technology, human resources and legal & procurement functions of the company’s US operations. Bayer, which is a global enterprise, operates with core competencies in the areas of health care, nutrition and high-tech materials. Its products and services are planned to do good to people and perk up their quality of life. At the same time the company wish to generate value through invention, development and high earning authority. Significant...
Words: 958 - Pages: 4
...Excellence in Financial Management Course 10: Strategic Planning Prepared by: Matt H. Evans, CPA, CMA, CFM This course provides a concise overview of how to do a strategic plan. The entire strategic planning process is outlined within this course. This course is recommended for 2 hours of Continuing Professional Education. In order to receive credit, you will need to pass a multiple choice exam which is administered over the internet at www.exinfm.com/training Chapter 1 Preliminary Considerations What is Strategic Planning? The essence of management includes the ability to plan. As you work your way up the organization, planning moves from operational to strategic. Strategic Planning is one of the principal responsibilities of upper-level management. Once management decides on the Strategic Plan, lower-level managers implement the Strategic Plan through an Operating Plan. Strategic Planning attempts to answer a very fundamental question: Where do we want to be one year from now, two years from now, three years from now, etc.? Strategic Planning requires that an organization develop a vision of itself - how do we see ourselves in the future? Strategic Planning looks at the big picture from a long-range perspective whereas the Operating Plan represents the specific tactics for carrying out the Strategic Plan year to year. Strategic Planning is a process whereby an organization makes choices about: ▪...
Words: 6038 - Pages: 25
...Strategic Management Process MGT/498 Abstract The primary components of the strategic management process are strategic planning and strategic execution. The strategic management process is an important factor to the success of an organization. Components to consider are the planning and execution of the strategy. Wal-Mart is trying to increase their sales by reinventing how they do business and building on the Internet side of the business. Strategic Management Process Organizations begin because someone had an idea and wanted to share it with the world. However, an organization cannot be successful based on the ideal alone. Some planning must take place to establish the internal and external components of the organization. In other words, policies on how the company will operate, procedures on how the product is developed, and how to reach the customer base is imperative prior to starting a business. This is when strategic management is most effective. According to Wheelen and Hunger (2008), strategic management is “a set of managerial decisions and actions that determines the long-run performance of a corporation” (p.5). The purpose of the paper is to explain the primary components of a strategic management process, indicate why a strategic management process is needed, and examine a strategic management process of Wal-Mart. Primary components of strategic management Strategic planning and strategic execution are the primary components of strategic management...
Words: 672 - Pages: 3
...I. INTRODUCTION STYRATEGIC MANAGEMENT: DEAD OR IN DEMAND AS NEVER BEFORE A lot of companies are striving hard to get a place in business. A number of those that started die along the way due to lack of proper strategy. Yes, I do believe that organizations with proper strategy implemented and managed stand a better chance and have better competitive advantage over their counterparts. Strategic management is used by organizations to analyze and learn from their internal and external environment. It is about going forward (where to from here) It is about establishing a strategic direction. It is about establishing a strategic direction Strategic management is also about implementing strategies that would satisfy customers. The nature of strategy, which needs to be managed, is formulated around the 5 Ps (Louw and Venter 2010:15) Plan, pattern, position, perspective and ploy. As a plan, strategy has been viewed as something that an organization has, and strategy as a perspective viewed as something that people do. Strategy is influenced by extra organizational practices and inter-organizational practices. Therefore there is a reciprocal relationship between intra and extra organizational strategic activities. - Strategy as a plan: Provides overall direction and course of action. As a plan, strategy formulation is a formal process. This approach ahs been criticized for being a rational, top-down approach, hoever research shows that formal planning contributes...
Words: 2645 - Pages: 11
...Strategic Management Student’s name: Lecturer’s name: Date: Introduction Strategic management is a core requirement in organizations due to it capability of enhancing the operations and competitiveness in the market. Organizations that employ powerful strategies management in undertaking their operations have the potential of penetrating the market efficiently and effectively since, it allows the management to identify and execute strategic plans timely. Furthermore, the management is able to match the abilities of the firm with it environment demands (Witcher & Chau, 2010). Consequently, the strategic management that has been adopted by Firefox in entering the telephone industry has the potential of improving it service delivery significantly. Firefox Strategic Management One of the aspects that demonstrates that Firefox strategy management has the capability of enhancing it operations is it current business definition. The strategic plan of the entity has come up with a brilliant description on the business the firm should operate on due to it current capabilities. Consequently, the firm strategic plan has identified the line of mobile phone services to offer. In addition, the strategic plan has established how the firm will continue differentiating it product from that of competitors to improve it attractiveness in the market. This has been informed by the strengths, weaknesses, threats and opportunities in the mobile phone market that will determine it future operations...
Words: 679 - Pages: 3
...means the “art of the troop leader”: a plan, course of action, or a set of decisions creating a pattern or a common link. All the successful business enterprises today constantly take in new information about their markets, customers, and operating environments. Then, management uses that knowledge and data to shape new strategic directions, to reorganise how they respond to marketplace demands, and to ensure that their views regarding all aspects of the business are fresh and viable. Strategy is the direction and scope of an organisation over the long-term, which achieves advantage for the organisation through its configuration of resources within a challenging environment to meet the needs of markets and to fulfil stakeholder expectations. What is the difference between Tactics and Strategy? Strategy differs from tactics. Tactics are schemes for specific manoeuvres, whereas strategy is the overall plan for deploying resources to establish a favourable position. An organisation’s strategy consists of the combination of competitive moves and business approaches that managers employ to please customers and achieve organisational objectives. Strategy is a plan or course of action denoting a pattern which evolves a direction for the organisation. It relates to pursuing those activities which move an organisation from its current position to a desired future state. It is concerned with the resources necessary for implementing a plan or following a particular course of action...
Words: 3794 - Pages: 16
...DESCRIPTION This course focuses on creating the value proposition as a driver of sustainable competitive advantage. Topics include translating key emerging trends into business opportunities; strategic challenges of global expansion; opportunities and constraints posed by regulatory change; competitor intelligence; scenario planning/planning for multiple futures; maximizing core business value; differentiating the value proposition; distribution channel development and integration; tailoring the value chain; building successful strategic alliances; and off-shoring models and approaches. Week 1 - Topic 1: Mission, Vision, and Values Objectives Distinguish between strategy and tactics. Explain the essential components of the strategic management process. Analyze the relationship among leadership, culture, stakeholder interests, and strategic outcomes. Create vision, mission, and values statements. Materials MIND MAP Mind Map Concept Outline EBOOK EBOOK COLLECTION: Chapter 1 - Pearce & Robinson. (2005). Strategic management (9th ed.). New York: McGraw-Hill. EBOOK COLLECTION: Chapter 2 - Pearce & Robinson. (2005). Strategic management (9th ed.). New York: McGraw-Hill. EBOOK COLLECTION: Chapter 10 - Pearce & Robinson. (2005). Strategic management (9th ed.). New York: McGraw-Hill. ARTICLES ARTICLE: Required Articles for Week One Assessment Mission, Vision, and Values Paper Submit a 700-word to 1,050-word...
Words: 1984 - Pages: 8